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31Jul/120

China swings into capital account deficit in second quarter

BEIJING - China's capital and financial account swung into a deficit of $71.4 billion from a surplus of $56.1 billion in the first quarter as domestic firms and residents increased their holdings of foreign currencies amid the global turbulence, the nation's foreign exchange regulator said on Tuesday.

reuters.com

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31Jul/120

Analysis: Jefferies poised for promotion into metals’ top league

NEW YORK/LONDON - U.S. investment bank Jefferies Group Inc is preparing to make its next big move into the global commodities markets, seeking membership on the London Metals Exchange and snapping up a team of free-agent floor traders from Natixis, according to sources familiar with the moves.

reuters.com

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31Jul/120

Jury selected in Apple, Samsung patent trial

SAN JOSE, California - An insurance agent, an unemployed video game enthusiast and a project manager for wireless carrier AT&T were among the 10 jurors selected to decide a high-stakes U.S. patent battle between Apple Inc and Samsung Electronics Co Ltd, with billions of dollars in the balance.

reuters.com

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30Jul/120

U.S. lawmaker asks for conditions on CNOOC-Nexen deal

WASHINGTON - The U.S. government should not approve a bid by China's state-owned CNOOC for the U.S. assets of Canadian oil firm Nexen unless the merged company agrees to pay royalties on all oil drilled offshore, or spins off the assets, Representative Edward Markey said on Monday.

reuters.com

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30Jul/120

Get ready to pay more for your steak

The drought that's spreading across the Midwest is already squeezing consumers, and it's only going to get worse, as the rising cost of soybeans and corn leads to higher prices for meat, peanut butter and other staples.

CNNMoney.com

27Jul/120

60, unemployed: Is my $100,000 safe in gold and cash?

I'm 60 years old, unemployed and have $100,000 saved for retirement. Given my circumstances, I can't afford any losses. So I'm considering converting this money to gold and cash. What do you think? -- Robin, Scottsdale, Ariz.

CNNMoney.com

27Jul/120

Earn $1 million by climbing the corporate ladder

The path to becoming a millionaire shortens with every major step you take up the corporate hierarchy. Jump from a human resources administrator to manager, for instance, and you become eligible for greater supplemental income like bonuses and stock options.

CNNMoney.com

25Jul/120

NY Fed silent on Barclays’ admission of Libor rigging: paper

- Treasury Secretary Timothy Geithner, who was then head of the Federal Reserve Bank of New York, did not communicate in key meetings with top regulators that British bank Barclays had admitted to Fed staffers that it was manipulating Libor, the Washington Post said, citing people familiar with the matter.

reuters.com

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24Jul/120

25 and ’scared stiff’ of making an investing mistake

I'm 25 and off to a good start saving for retirement. But I'm scared stiff about how to invest my Roth IRA because a poor decision could cost me hundreds of thousands of dollars by the time I retire. Any advice? Andy C., Des Moines, Iowa

CNNMoney.com

24Jul/120

Michigan lawmakers call for action in Chesapeake-Encana probe

- Two Michigan state representatives have called on officials there to step up their investigations into possible collusion between Chesapeake Energy Corp and Encana Corp, following a Reuters report that the energy rivals plotted to avoid bidding against each other in Michigan land deals.

reuters.com

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